Mark Horner

The SME Market in Northern Ireland

What is a Small to Medium Enterprise?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in Europe generally are businesses with no more than 500 employees and encompasses enterprises with different ownership structures and varying numbers of employees and levels of economic activity. The European Union has its own rules for its member states.

The  SME Market in Northern Ireland
Image: Dean Molyneaux

How big is the SME Market in Northern Ireland?

Small and medium-size enterprises play a hugely important role in the economy of Northern Ireland. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Northern Ireland has a population of over 1,810,863 people.

What help is available for SMEs?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.

United Kingdom

**varies** | Antrim and Newtownabbey | Ards and North Down | Armagh City Banbridge and Craigavon | Belfast | Causeway Coast and Glens | County Antrim | Derry and Strabane | Derry City and Strabane | Fermanagh and Omagh | Fermanagh and Omagh | Lisburn and Castlereagh | Londonderry | Mid and East Antrim | Mid Ulster | Newry, Mourne and Down | Tyrone